2000
First Quarter: 2.6 percent

Second Quarter: 4.8 percent

Third Quarter: 0.6 percent

Fourth Quarter: 1.1 percent
2001
First Quarter: -0.6 percent

Second Quarter: -1.6 percent

Third Quarter: -0.3 percent

Fourth Quarter: 2.7 percent
2002
First Quarter: 5.0 percent

Second Quarter: 1.3 percent

Third Quarter: 4.0 percent

Fourth Quarter: 1.4 percent
2003
First Quarter: 1.9 percent

Second Quarter: 1.3 percent (forecast)
The figure for the current April-June quarter is a forecast by Merrill Lynch economists.